Kent Conrad

We face one of the worst budget forecasts I have ever seen.

Deficits and debt are a function of the imbalance between spending and revenue.

What is going to happen is our banking system as we know it is going to change.

The problem is housing. You will not get the results you want from that money.

As a taxpayer, I do not support $350 billion--and I did not at the beginning.

We have a revenue system that, too, I think is broken, badly out of date.

We have entitlement programs the promises of which simply cannot be kept.

I am a strong advocate of PAYGO, but to me this is way beyond what PAYGO can do.

If anybody thinks this stuff is just numbers on a page, they are in for one hell of a surprise.

There is a disconnect...between what we are doing as a country here in terms of our fiscal policy and our monetary policy and how it affects real people's lives.

We need a stimulus package. We need it badly. But we need it to be on point.

I wish every colleague of ours in the House and the Senate, and I wish every American could hear the description you just gave.

Those of us in politics rarely admit we were wrong, but I was wrong about Dr. Holtz-Eakin.

We are building a wall of debt.

CBO's new estimates show the deficit in 2009 will be $1.2 trillion.

We need to help our colleagues understand what the risk is of a failure to address our long-term imbalances.

We have to put in place an aggressive economic recovery program.

I believe that the buildup of Federal debt is the single biggest threat to our Nation's long-term economic security.

I want to welcome everyone to the Budget Committee today. The hearing this morning will focus on the debt outlook and its implications for policy.

I would much prefer, sign me up enthusiastically for what Senator Gregg has described as investment that is going to make us more efficient and more competitive.

I am very, very concerned about some of these things that I hear about and read in the newspaper might be in this package.

I thought the rebate thing was largely a bust.

The words of Senator Gregg are wise admonitions, that while we do short-term things to lift the economy, we have got to guard against doing things that would make our long-term circumstance worse.

President Obama is walking into a fiscal disaster of stunning proportion.

The new deficit projections, as I said yesterday, are jaw-dropping.